Pre-Qualification Calculator

Calculate both your maximum monthly mortgage payment and the maximum purchase price of your home based on your input. Lenders typically allow the lessor of these two calculations as your Maximum Monthly Expense:

A - 28% of your monthly gross income
B - 41% of your monthly gross income less any long term obligations.

Your Annual Gross Income: $

Monthly Long Term Obligations

Child Care $
Credit Cards $
Auto Payments $
Other $

Mortgage Information

Down Payment $
Annual Interest Rate %
Number Years yrs

Maximum Monthly Mortgage Payment:
$

Maximum Purchase Price:
$